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Loans For Immigrants and Newcomers In Canada
One application. 17 lenders from our 50+ network. Funded in 24 to 48 hours.
17 lenders in our network serve Canada. Borrow $100 to $150,000 at 9.99 to 34.99% APR, with funding as fast as 48 hours. Every lender is subject to the 35% federal rate cap. Most lenders ask for $1,500 monthly income. Rates reviewed August 2026.
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Checked against published lender criteria. Not a credit check, and nothing here affects your credit score.
Best for Borrowers who want branch support and the option to scale from a small unsecured loan to a large secured one · Instalment loan · Also offers: secured loan
Lenders accepting each criterion · of 17 in network
8
accept any income type, including benefit income
17
accept self-employed income
17
accept part-time income
12
approve applicants with poor credit
8
approve across every credit band
Computed from published lender criteria, verified August 2026. Counts update as lender criteria change.
Common questions
Can I get a loan in Canada without credit history?
Yes. Several lenders in our network do not require a credit file at all, assessing income and bank account activity instead. A thin file is treated differently from a poor one: having no history is a smaller obstacle than having a damaged history, which works in a newcomer's favour.
What do newcomers need to apply?
Government-issued ID including a PR card, work permit or study permit, an active Canadian bank account, and proof of income, usually through bank statements or pay stubs. A SIN is required by most lenders. Credit history from your home country generally does not transfer, though a few lenders will consider it.
How can I build Canadian credit as a newcomer?
A secured credit card and a credit-builder loan are the two fastest routes, and both report to the bureaus. Credit-builder products in our network start at 0% interest with a monthly fee, and the reporting is the point: six months of on-time payments creates a file where none existed.
Do I need permanent residency to borrow?
No. Work and study permit holders can borrow with several lenders, though the loan term may be limited by the permit's expiry. Permanent residents generally see a wider range of options.
